Company is one of only two companies from outside North America selected to participate in 12-week program for startups working on 5G applications
NEW YORK, NY – WEBWIRE – Tuesday, October 5, 2021
Smart technology company Juganu announced today they have been selected by the 5G Open Innovation Lab (5G OI Lab) to participate in its fourth batch of startups in their global applied innovation ecosystem. Juganu will be joined by 11 other startups developing solutions encompassing a broad range of technologies including AI, advanced driver assist systems, cybersecurity, IoT, natural language processing, and advanced wildfire-fighting technology.
During the 12-week program, startups will work closely with the founding and corporate partners, which include technology giants Accenture, Intel, Microsoft, and Ericsson. The partners provide business and technology assets, resources, and mentorship to the participating companies through private working sessions, roundtables, networking and social events, with opportunities to meet the Lab’s extensive partner network of venture capital firms.
“We selected Juganu for our program because we are very excited about the technology they have built to enable smart cities and connect the real world with the virtual world to become smarter and greener,” said Jim Brisimtzis – Founder/Managing Partner – 5G Open Innovation Lab. “We’re convinced Juganu is a platform people need to pay attention to.”
Participating startups from around the world were selected for the exclusive program through a rigorous screening process that seeks to identify the most compelling use cases for various industries from agriculture to health care.
“The 5G Open Innovation Lab is at the forefront of helping to push 5G technology forward, and has a history of facilitating breakthroughs with the startups they nurture and support,” said Eran Ben-Shmuel, CEO and co-founder of Juganu. “We are excited to learn from their expertise, and our time with them will no doubt lead to great things for our company.”
The new batch members have cumulatively raised $203.9 million in investments to date. Since the 5G OI Lab’s first Batch in May 2020, 69 teams have participated in the program raising over half a billion dollars in pre-program funding with 10 teams raising an additional $120 million venture funding post-program.
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (“5GOILab”) is a global applied innovation ecosystem for corporations, academia and government institutions working together with early-and later-stage start-ups to fuel the development of new capabilities and market categories that will transform the enterprise. We give startups at all stages unparalleled access to open platforms and markets needed to create, test and deploy new use cases and innovations for 5G and 5G-enabled technologies, including artificial intelligence and edge computing. We deliver actionable knowledge and market insight that helps our partners and member companies deliver value to customers and grow their revenue and leadership positions. Ultimately, the Lab is a global catalyst committed to the transformation of enterprises utilizing intelligent software-defined platforms. To learn more about the Lab and its ecosystem of companies, please visit https://www.5GOILab.com/ or follow us on Twitter at @5GOILab.
Founded in 2011, Juganu provides digital tools for the physical world. We are the only tailored holistic solution that enables a vast set of smart applications for both indoor and outdoor areas… Backed by leading investors including Comcast Ventures, Amdocs, Viola Growth, and others, Juganu holds 43 patents and makes its own unique LED using Planar technology, the best and richest light source other than natural light. Juganu is headquartered in Israel and has rapidly-growing offices in the US, Mexico, and Brazil.